BlackRock Inc. cut its position in Kimberly-Clark Corporation (NYSE:KMB) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,247,410 shares of the company’s stock after selling 1,315,534 shares during the quarter. BlackRock Inc. owned about 6.86% of Kimberly-Clark Corporation worth $3,130,582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Martin Investment Management LLC purchased a new position in shares of Kimberly-Clark Corporation in the second quarter valued at $443,000. Pax World Management LLC grew its position in shares of Kimberly-Clark Corporation by 7.7% in the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after purchasing an additional 200 shares in the last quarter. Boston Family Office LLC grew its position in shares of Kimberly-Clark Corporation by 0.8% in the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after purchasing an additional 90 shares in the last quarter. Legal & General Group Plc grew its position in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after purchasing an additional 68,776 shares in the last quarter. Finally, Strategy Asset Managers LLC grew its position in shares of Kimberly-Clark Corporation by 80.0% in the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after purchasing an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.

Several equities analysts recently commented on KMB shares. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and set a $119.00 target price on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Citigroup Inc. restated a “neutral” rating and set a $131.00 target price (down from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $127.14.

Shares of Kimberly-Clark Corporation (KMB) opened at $114.32 on Friday. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly-Clark Corporation has a 52 week low of $109.67 and a 52 week high of $136.21. The stock has a market capitalization of $40,420.00, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.98 and a beta of 0.74.

Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the company posted $1.52 EPS. Kimberly-Clark Corporation’s revenue for the quarter was up 1.0% on a year-over-year basis. sell-side analysts forecast that Kimberly-Clark Corporation will post 6.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.03%.

ILLEGAL ACTIVITY NOTICE: “BlackRock Inc. Lowers Holdings in Kimberly-Clark Corporation (KMB)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/11/18/blackrock-inc-lowers-holdings-in-kimberly-clark-corporation-kmb.html.

About Kimberly-Clark Corporation

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NYSE:KMB).

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

Receive News & Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related companies with MarketBeat.com's FREE daily email newsletter.